breaking
Freightwatch Reporter
Freightwatch.news
Friday, May 15, 2026
Starbucks announced Friday it is eliminating 300 corporate positions and consolidating regional support operations as part of its turnaround strategy under CEO Brian Niccol. The restructuring represents the company's third wave of workforce reductions since Niccol's appointment. The company is also conducting a comprehensive review of its international corporate workforce. Store-level employees are unaffected by the layoffs. Starbucks estimates total restructuring charges of $400 million, including $280 million in noncash asset impairment charges and $120 million in severance costs. The moves follow February 2025 cuts affecting 1,100 positions and a September 2025 reduction of 900 nonretail jobs tied to a $1 billion restructuring. The company aims to reduce operational complexity and return to profitable growth amid heightened competition and consumer spending pressure.